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Category Archives: Loans

Plans to curb payday lenders don’t go far enough

Posted on 3rd October 2013 by Paul Moorhead

The Financial Conduct Authority, which will take over responsibility for the regulation of the consumer credit industry in April next year, has published its plans to provide better protection for consumers. Payday lenders will face tighter rules on how they … Continue reading →

Posted in Interest rates, Loans, Personal debt | Tagged debt, insolvency, paul moorhead, payday loans

Wonga business loans – cause for concern?

Posted on 16th May 2012 by admin

Online loans business Wonga.com has launched a new lending division aimed at providing finance to businesses. The company, which is better known for offering short-term finance to individuals with interest rates quoted as 4,214%, has identified a gap in the … Continue reading →

Posted in Business debt, Cashflow problems, Loans
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